As World Burns, Richest Nations Can't Decide When to End Fossil Fuel Handouts

re: As World Burns, Richest Nations Can't Decide When to End Fossil Fuel Handouts

by NetWiz69

Jul. 4, 2016 12:25 am

As World Burns, Richest Nations Can't Decide When to End Fossil Fuel Handouts

Despite ambitious pledges, global energy ministers could not agree on a target date to phase out billions in subsidies to dirty energy.

The world's richest nations have failed to agree on a deadline to phase out fossil fuels subsidies—a commitment energy ministers made in 2009—stirring new fears over the impact of the hundreds of billions of taxpayer dollars that go toward keeping dirty energy afloat every year.